Eskom Rebate On Solar Panels

The average cost to install solar panels is from 10 626 to 26 460 after tax credit for a 6kw to 12kw system to power an entire house.

Eskom rebate on solar panels.

If this is not done a customer that decides to put a solar installation on their rooftop can reduce their bill not only with the energy. Thanks to accelerated depreciation businesses can write off the value of their solar energy system through the modified accelerated cost recovery system macrs which reduces businesses tax burden and accelerates returns on solar investments qualified solar energy equipment is eligible for a cost recovery period of five years. You can also choose to keep these charged using solar power rather than relying on eskom. At a market price of 39 for example the rebate is worth roughly 585 per kw installed.

As mentioned above the amount of solar rebate you can claim depends on the current market price of an stc. The silicon cell is essentially a p n junction that utilises the energy from the sunlight to generate electron flow from the p type si via an external resistance to the n type si. Other incentives for solar accelerated depreciation. According to eskom demand side management gm andrew etzinger typically installed systems can range between r14 000 and r33 000 depending on the make and size of the geyser type of roof as well as overall complexity of installation.

Eskom is offering home owners rebates of 15 to 20 on the cost of installing solar water heating systems through its solar rebate programme enabling homeowners to save from about r1 860 up to r4 900 on the cost of a solar water heating system. Photovoltaic pv or solar modules are made up of solar cells that are connected in series. The price of solar power has plummeted in recent years. The most common commercial cells are made from purified silicon si.

It is eskom s job to produce energy not to save it. Tobias bischof niemz energy engineer at the csir said that five years ago a photovoltaic system cost r5 per kwh compared to eskom s r0. Solar power users not properly charged. By providing rebates through its network of accredited suppliers and installers eskom is making quality solar water heaters.

Such a system can range in price from r5 500 to over r300 000. The government s ambitious solar water heating rebate programme has fallen dismally short of its target. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8.